Industry News

Honeywell announced it has signed an agreement to acquire privately held, supply chain and warehouse automation leader Intelligrated for $1.5 billion from a company backed by the Permira funds. The purchase price translates to approximately 12 times Intelligrated's estimated 2016 earnings before interest, taxes, depreciation and amortization. The company's 2016 sales are estimated to be approximately $900 million."/>
Honeywell To Acquire Intelligrated, A Leader In Supply Chain And Warehouse Automation Technologies
Norfolk Southern Corporation will announce its second-quarter financial results during a conference call and live Internet webcast at 8:45 a.m. EDT on Wednesday, July 27, 2016. Quarterly earnings results will be released at 8:00 a.m. EDT on July 27, and a press release will be posted at www.nscorp.com under the Investors section.. For electronic notification of earnings events, subscribe to NSInvest, Norfolk Southern's e-mail..."/>
Norfolk Southern to hold second-quarter 2016 earnings conference call July 27
Kornit Digital, a worldwide market leader in digital textile printing technology, has announced the acquisition of the digital direct to garment printing assets of SPSI, Inc., a leading North American distributor and service provider for graphic arts, printing and garment decoration solutions. Kornit believes the acquisition is highly strategic as it will help improve connectivity with customers by expanding its leadership position in..."/>
Kornit Digital acquires the digital direct to garment printing assets of a North American distributor, SPSI
Masco Corporation announced today that it will hold a conference call regarding 2016 second quarter results on Tuesday, July 26, 2016 at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing 226-2726 and from outside the U.S. at 679-3614. Please use the conference identification number 34096856.."/>
Masco Corporation Announces Date for Earnings Release and Conference Call for 2016 Second Quarter
Alamo Group Inc. announced today that its Board of Directors has declared its quarterly cash dividend of $0.09 per share, payable July 29, 2016, to shareholders of record at the close of business on July 15, 2016.. Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture and other applications. Our products include truck and tractor mounted mowing and..."/>
Alamo Group Inc. Declares Regular Quarterly Dividend
EnerDynamic Hybrid Technologies Corp. is pleased to announce that it has entered into a services agreement, pursuant to which the Company has engaged Mr. Sam Khoury as a consultant to the Company to assume the newly created role of Executive Chairman of the Company's board of directors, effective as of July 1, 2016.. Khoury has been doing corporate turnarounds for 20+ years and has completed turnarounds in various industries including branded consumer..."/>
EHT Announces Consulting Agreement and Grant of Options
State Street Corporation. “As set forth in our announcement earlier this year about the planned sale of GE Asset Management, this transaction is consistent with GE’ s efforts to simplify its financial services portfolio and maximize value for shareholders,” said GEAM Chairman, President and CEO Dmitri Stockton.“ State Street is an excellent franchise..."/>
GE Completes Sale of GE Asset Management to State Street
State Street Corporation, announced today that it has completed its acquisition of GE Asset Management from GE. The transaction provides multiple benefits to State Street Global Advisors and its clients, including the addition of new alternatives capabilities, strengthening fundamental equity and active fixed income teams, and establishing SSGA as a leading provider of outsourced chief investment officer services. In connection with the closing, SSGA received..."/>
State Street Completes Acquisition of GE Asset Management
Caterpillar Inc. facility in Decatur ranging from motor graders to large mining trucks, said Martin Mooney, the company's facilities engineering and maintenance manager. The parts that were..."/>
Caterpillar sculpture symbolizes Decatur's industrial heritage [Herald & Review, Decatur, Ill.]
Honeywell's aerospace plant on the city's west side. They chanted and shouted and even sang "Solidarity Forever" to the tune of "Battle Hymn of the Republic" to express their aggravation with being off their jobs for the past eight weeks. Honeywell locked more than 300 members of United Auto Workers Local 9 out of the factory on..."/>
UAW rallies to support locked-out Honeywell workers [South Bend Tribune, Ind.]
Watsco, Inc. announced today that its Board of Directors has declared a regular quarterly cash dividend of 85 cents on each outstanding share of its Common and Class B common stock. The cash dividend is payable on July 29, 2016 to shareholders of record at the close of business on July 15, 2016.. Watsco has paid quarterly cash dividends every year since 1975.."/>
Watsco Declares Quarterly Dividend
Lawson Products, Inc., a distributor of products and services to the MRO marketplace, today announced that it will report its results for the second quarter 2016 on Thurs., July 21, 2016, pre-market. The Company will hold a conference call to review second quarter results beginning at 9:00 a.m. Eastern Time. Please use the following link to pre-register for this conference call."/>
Lawson Products, Inc. to Report Second Quarter Financial Results
Luxfer Holdings on Thursday declared an interim dividend of USD0.125 per American Depositary share, before deduction of depositary fees. Additionally, the per American Depositary Share is equivalent to USD0.125 per ordinary share of GBP0.50 each. This dividend is due on 3 August 2016, to shareholders of record at close of business as of 15 July 2016.."/>
Luxfer to pay dividend to shareholders of record as of 15 July 2016
Blue Bird Corporation, the leading independent designer and manufacturer of school buses, announced today that it has paid down its $183 million term debt by $28 million or 15%. $25 million of this payment was a voluntary prepayment and $3 million was part of its required repayment schedule. Blue Bird Corporation has paid down $34 million this fiscal year-to-date, including the required amortization payments made under the loan agreement."/>
Blue Bird Pays Down $28 Million of Principal on its Term Loan on June 30, 2016
Cemtrex reported on Thursday the receipt of USD12m in new orders over the last month across all of its business operations from from both existing and new customers. Cemtrex said this reflects the strongest booking month in the company's history. The company added that there was one important new order from a strategic new customer in the automotive industry obtained by the newly acquired electronics operation."/>
Cemtrex wins USD12m in new orders, marking highest booking month in its history
Gunnebo AB announced on Thursday an increase in the number of shares and votes in the company due to 85 000 ordinary shares being subscribed for and registered during June 2016.. This subscription was through the exercise of warrants issued under Incentive Programme 2012/ 2016.. Reportedly, as of 30 June 2016, the number of shares in the company amounts to 77 000 848, divided into 76 270 001 ordinary shares and 730 847 shares of series C, corresponding to a total of 76 343 085,7 votes."/>
Gunnebo reports on change in number of shares and votes
Gunnebo AB announced on Thursday an increase in the number of shares and votes in the company due to 85 000 ordinary shares being subscribed for and registered during June 2016.. This subscription was through the exercise of warrants issued under Incentive Programme 2012/ 2016.. Reportedly, as of 30 June 2016, the number of shares in the company amounts to 77 000 848, divided into 76 270 001 ordinary shares and 730 847 shares of series C, corresponding to a total of 76 343 085,7 votes."/>
Gunnebo reports on change in number of shares and votes
PNC Financial Services Group, BNY Mellon, FNB Corp., First Commonwealth and First Niagara posted stock value declines in June as markets plunged on worries that the June 23 Brexit vote could lead to slower economic growth and a delay in the Federal Reserve raising interest rates."/>
Local shares battered in quarter-ending slip [The Pittsburgh Tribune-Review]

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